Taxing Matters for the New Year
Two lawmakers struck a two-year budget deal in mid-December, just days shy of the budget conference committee’s Dec. 13 deadline to find a way to keep the government running beyond the expiration of the current continuing resolution (CR) on Jan. 15.
Move Over, Saudi Arabia, and Let North Dakota Take Over
A buyer’s market in oil is in the making and will bring about disruptive market change that should benefit American manufacturers and consumers and prove challenging for Middle Eastern producers and European refiners.
The Swedish Model: Where Business Savvy Meets the Safety Net
As Europe struggles to get back from several years of downturn, Sweden is in a relatively strong position, with manageable unemployment and GDP growth. But trouble may lurk.
The United States continues to move toward energy independence with oil-and-natural gas industry exploration and production (E&P) companies playing an important role in that trend.
Why Monetary Easing Won’t Help Japan
Japan’s new leader, Shinzo Abe, will take the helm of a country in recession, with business confidence near three-month lows and the highest debt-to-GDP ratio in the OECD.
Have the World’s Wealthy Stashed $21 Trillion in Tax Havens?
An organization opposed to tax avoidance estimates the world’s wealthiest individuals have stashed at least $21 trillion in offshore tax havens, an amount greater than the combined GDP of the U.S. and Japan.
Pain in Spain May Bring No Economic Gain: News Analysis
Bill Gross put Spain's failed bond auction in perspective: “Greece was a zit, Portugal is a boil, Spain is a tumor. You can’t fix a debt crisis with austerity and more debt.”
Tim Guinness: China, Energy and Really Good Beer—Weekend Interview
“China is the best-run country in the world," the Guinness Atkinson Funds CIO says.
U.K. Wealth Tax Brought Less Revenue Than Before Tax Hike
Advocates for lower taxes are sure to take the recent poor revenue results in the U.K., which last year raised its top rate on high income earners from 40% to 50%, as a demonstration of the ineffectiveness of a tax-the-rich policy.
White House’s Corporate Tax Reform Derided by Republicans, Businesses
The Obama administration has unveiled a framework for corporate tax reform that lowers rates while eliminating loopholes, but the proposal has already met with sharp criticism from Republicans and corporations for proposing a rate higher than the developed-country average.